Dimensional Fund Advisors LP Raises Stock Holdings in Birkenstock Holding plc (NYSE:BIRK)

Dimensional Fund Advisors LP boosted its position in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) by 140.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,305 shares of the company's stock after purchasing an additional 15,961 shares during the period. Dimensional Fund Advisors LP's holdings in Birkenstock were worth $1,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Birkenstock in the 4th quarter valued at about $131,786,000. Marshall Wace LLP boosted its stake in Birkenstock by 260.5% in the fourth quarter. Marshall Wace LLP now owns 1,100,692 shares of the company's stock valued at $62,365,000 after acquiring an additional 795,382 shares during the last quarter. AGF Management Ltd. bought a new stake in shares of Birkenstock during the 4th quarter valued at $37,153,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Birkenstock by 9,658.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 470,182 shares of the company's stock valued at $26,641,000 after purchasing an additional 465,364 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Birkenstock by 581.8% in the 4th quarter. Principal Financial Group Inc. now owns 542,798 shares of the company's stock worth $30,755,000 after purchasing an additional 463,191 shares during the last quarter. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BIRK has been the subject of a number of recent analyst reports. UBS Group upped their price objective on Birkenstock from $72.00 to $76.00 and gave the company a "buy" rating in a report on Friday. Piper Sandler reduced their price objective on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Telsey Advisory Group reiterated an "outperform" rating and issued a $70.00 target price on shares of Birkenstock in a report on Thursday. Bank of America boosted their price target on shares of Birkenstock from $70.00 to $73.00 and gave the company a "buy" rating in a report on Friday. Finally, Stifel Nicolaus lifted their target price on Birkenstock from $62.00 to $70.00 and gave the stock a "buy" rating in a report on Friday. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $67.19.

Birkenstock Stock Performance

NYSE:BIRK traded down $0.62 during trading hours on Monday, reaching $56.07. The stock had a trading volume of 2,919,154 shares, compared to its average volume of 1,484,220. Birkenstock Holding plc has a 12-month low of $40.56 and a 12-month high of $64.78. The stock has a 50 day simple moving average of $48.32 and a 200 day simple moving average of $51.72. The stock has a market cap of $10.53 billion, a P/E ratio of 45.22, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84.

Birkenstock (NYSE:BIRK - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. The business had revenue of $623.54 million during the quarter, compared to analyst estimates of $567.84 million. During the same quarter in the previous year, the firm earned $0.38 EPS. The company's quarterly revenue was up 19.3% compared to the same quarter last year. On average, research analysts forecast that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.

About Birkenstock

Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.